Griffins Goat Farm, Ic., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500 in cash dividends. The firm has 30,000 shares of common stock outstanding. a. What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Earnings per share b. Dividends per share
Griffins Goat Farm, Ic., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500 in cash dividends. The firm has 30,000 shares of common stock outstanding. a. What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Earnings per share b. Dividends per share
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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![Griffins Goat Farm, Ic., has sales of $681,000, costs of $343,000, depreciation expense
of $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500
in cash dividends. The firm has 30,000 shares of common stock outstanding.
a. What are the earnings per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
b. What are the dividends per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
a. Earnings per share
b. Dividends per share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7e4943f-dcb0-4037-a7a5-9e7664cba165%2F4d8c78eb-7d9d-41a0-a276-dcdc800fc50a%2Fpdahhlh_processed.png&w=3840&q=75)
Transcribed Image Text:Griffins Goat Farm, Ic., has sales of $681,000, costs of $343,000, depreciation expense
of $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500
in cash dividends. The firm has 30,000 shares of common stock outstanding.
a. What are the earnings per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
b. What are the dividends per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
a. Earnings per share
b. Dividends per share
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